PYMNTS

DECEMBER 11, 2019

An Airbnb move could change up payments as customer relationship management ups its own game. Fraud detection systems have a big problem with at least one type of lucrative scam, while blockchain is set to reinvent lending and APIs change finance. banks in 2018 that planned to provide real-time payments. 80 percent: U.S.

Payments 131

Payments Fraud blockchain Lending 131

PYMNTS

OCTOBER 2, 2018

Avant is really two businesses operating under one roof — connected in crucial ways, but separate in function. We’re also a pure-play technology company, designed to support banks [that] want to offer lending products, but … either can’t or won’t dedicate hundreds of millions to building the capacity,” he said.

Lending 134

Lending Alabama Online System 134

PYMNTS

MARCH 26, 2018

Wells Fargo, weeks after it was hit with a rare enforcement action from the Federal Reserve, is overhauling its risk management processes and announced internally that four top risk management executives would be retiring. However, the FI can still lend and take deposits. All are retiring in April, May or June.

Risk Management 100

Risk Management Management Compliance Groups 100

Insights on Business

FEBRUARY 7, 2018

Enter, IBM Think 2018 , the premier business and technology event of the year that underscores and emphasizes the bond between business and technology. If you look for a common theme among the financial and banking sessions, speakers, demos and client stories at Think 2018, it is disruption through agility. Digital wealth management.

Las Vegas 111

Las Vegas blockchain NV Conference 111

CB Insights

OCTOBER 21, 2018

The 2018 Fintech 250 have raised approximately $53B in aggregate funding across 947 deals since 2013, and includes startups at different investment stages of development, from early-stage (seed/Series A) companies to well-funded unicorns. Outside the US: 44% of the 2018 Fintech 250 are based outside the US. Please click to enlarge.

Fintech 78

Fintech Lending Capital Analytics 78

PYMNTS

OCTOBER 30, 2018

They include business intelligence solutions like analysis and support for digitization, as well as supply chain management tools and access to small business loans via Alipay’s online bank MYbank. Earlier this month, Alipay said hackers had managed to steal money from some of its user accounts via stolen Apple ID credentials.

Lending 134

Lending Tools Mobile Analysis 134

CFPB Monitor

JULY 8, 2019

The CFPB’s annual fair lending report covering its 2018 activities was published in today’s Federal Register. In addition to discussing the symposium and Data Point report in the section on “Access to Credit,” the new fair lending report discusses conducting supervisory reviews of alternative credit scoring models.

Lending 60

Lending Report Policies Compliance 60

Gonzobanker

OCTOBER 26, 2017

2) IT professionals that specialize in data management and business intelligence. This is not to say financial institutions don’t develop talent for lending and information technology. The lending challenge is this: A great generation of lenders is getting close to retirement. In both areas, the challenges are not surprising.

Resources 71

Resources Training Lending Strategy 71

PYMNTS

JANUARY 25, 2021

The Reserve Bank of India aims to prevent events such as the collapse of a significant financier in 2018. 55-Plus Group Lends Optimism To Travel Operators. The central bank of India wants more stringent regulations for large shadow lenders. It seeks to put non-bank financial firms into one of four categories. trillion in 2019.

United States 217

United States Regulation Payments Lending 217

PYMNTS

FEBRUARY 26, 2020

The newest investment round had participation from current investors, with the inclusion of Odey Asset Management, Leapfrog Investments and Goldman Sachs, in addition to new undisclosed investors, Quartz reported. The company already operates in Pakistan and plans to roll out in India later this year.

National 132

National Fintech Lending Operations 132

Abrigo

JULY 5, 2020

Credit unions like Telhio Credit Union in Central Ohio had employees working around the clock to help with PPP loans, and they used an SBA lending solution that automated the origination process, as well as the forgiveness and administration phases. The SBA didn’t break out larger credit union PPP lending activity.)

Technology 195

Technology Lending Capital Meeting 195

CB Insights

MARCH 20, 2019

From e-commerce to software to payments, several companies with $1B+ valuations exited in 2018. Using CB Insights data, we identified the startups with a $1B+ valuation that exited in 2018. We’ve also covered 2018’s 14 European unicorns , 37 Chinese unicorns , and 55 US unicorns.). Meituan Dianping.

Company 70

Company San Francisco Capital Software 70

PYMNTS

JANUARY 7, 2020

Goldman said in a filing with the Securities and Exchange Commission that it had created a Consumer and Wealth Management unit. That unit will include the company’s online lending platform, Marcus , and credit card business, the latter of which is done through a joint venture with Apple. billion seen in December 2018.

Report 134

Report Apple Lending Cards 134

PYMNTS

JANUARY 7, 2020

Goldman said in a filing with the Securities and Exchange Commission that it had created a Consumer and Wealth Management unit. That unit will include the company’s online lending platform, Marcus , and credit card business, the latter of which is done through a joint venture with Apple. billion seen in December 2018.

Apple 132

Apple Lending Cards Report 132

PYMNTS

MARCH 8, 2019

PSD2 launched in January 2018 and has been active in the European Union for a little over a year now, meaning that banks, merchants and customers are becoming used to it and its accompanying data privacy law, GDPR. Because of these new regulations, however, businesses of all types are seeing their relationships with their customers change.

Lending 135

Lending Data Security Regulation 135

PYMNTS

APRIL 16, 2018

This week’s B2B Data Digest examines the numbers released by the institutions for Q1 2018, highlighting the role corporate and wholesale banking operations did (or did not do) to support an overall impressive quarter. billion in the quarter, though the FI still missed some analysts’ estimates for Q1 2018. JPMorgan Chase.

Taxes 100

Taxes Lending Operations Data 100

PYMNTS

MAY 29, 2019

Small business lending marketplace BitX Funding has struck an alliance with transportation equipment finance company Pelagic Capital, the companies said in a press release Tuesday (May 28). Pelagic operates as a direct lender as well as a collaborator with dealers to help small businesses obtain non-bank equipment financing.

Capital 128

Capital Lending Taxes Analysis 128

PYMNTS

APRIL 24, 2018

While the small business customers of FairFX propelled the company to post its first-ever profit, corporate customers of Opus and UBS reported more muted figures on dampened corporate lending amid higher market volatility. Revenues for Q1 of 2018 grew by 85.3 Revenues for Q1 of 2018 grew by 85.3 percent, the company added.

Operations 100

Operations California Report Groups 100

PYMNTS

OCTOBER 6, 2017

“Indeed, the remainder of 2017 and 2018 will see more partnerships between the banks and FinTechs.”. Alternative lending players, she wrote, don’t have enough time to diversify their portfolios, creating a significant danger to some firms in the event of a financial downturn. Alternative Lending. SalaryFinance. SalaryFinance.

Lending 152

Lending Capital Marketing Report 152

Independent Banker

JULY 31, 2022

That’s the purpose of the Social Bankers, a group of community bankers founded in 2018 that undertakes regular exchanges of social media best practices and insights. If you don’t have a council, talk to your management about developing one, along with a mission for the bank and the communities you serve.”. Martinson observes. “We

social media 224

social media Trends Community Groups 224

PYMNTS

AUGUST 14, 2019

In the world of small business financial services, entrepreneurs’ frustrations with banking have been loudly vocalized : firms are often considered too small to be profitable for banks’ corporate services units and are therefore pushed into an FI’s consumer banking operations.

Lending 122

Lending Cards FDIC Capital 122

Gonzobanker

APRIL 10, 2017

Strategic planning conversations for 2017 and 2018 are focusing more intently on funding/deposit gathering and fee income. And, increasingly, mid-size and community banks are looking to take on the Big 5 banks in corporate banking, particularly in offering cash management services. .” — Alice Kahn. They find niches.

Management 83

Management System Strategy Examples 83

PYMNTS

FEBRUARY 28, 2020

Digital Risks’ first Series A round closed in 2018.) Offering a holistic solution, Sokowatch digitizes order management, supplier payments and logistics operations. California’s Flock Freight announced $50 million in Series B funding this week for its less-than-truckload and partial-truckload freight management technology.

Fintech 175

Fintech Capital Lending Report 175

PYMNTS

DECEMBER 5, 2018

“Ninety percent of our business has been wiped out,” said factory operator Vinod Gupta at the time. The research suggested that small businesses planned to rebound in 2018, and set up a likely environment of optimism for 2019. “Indian [SMBs] are focusing on expense management as much as on increasing revenue.”

Innovation 171

Innovation Survey Operations Community 171

PYMNTS

DECEMBER 13, 2018

Foreign exchange (FX) volatility can be detrimental to businesses with heavy reliance on cross-border operations. He added that corporates should instead tackle their FX risk mitigation in more manageable — and more regular — occurrences to prevent “buyers’ remorse” and protect themselves against financial losses.

Management 155

Management Trends Data Analytics 155

Abrigo

DECEMBER 17, 2019

There are many operators of mule networks offering their services on the Dark Web. Not surprisingly, these operators have prepared for Black Friday and Cyber Monday, mainly by increasing mule capacity to satisfy the high demand during the holiday shopping. Lending & Credit Risk. Fraud Prevention. Learn More. Learn More.

Fraud 307

Fraud Tools social media Cards 307

PYMNTS

NOVEMBER 5, 2018

Ant operates Alipay, the digital payment service in a battle with Tencent ‘s WeChat Pay for dominance in China. Earlier in 2018, Ant became the most valuable tech startup after raising $14 billion investors in China, the U.S. The loss was also due in part to spending so as to expand the business internationally. It posted 9.18

Taxes 134

Taxes Lending Operations Marketing 134

PYMNTS

JUNE 19, 2018

Rent-A-Center ‘s decision to sell itself to Vintage Capital comes amid a continuing expansion of so-called “alt lending” options for consumers, which could make it more difficult for the chain to reinvent itself as it becomes a private company under its new ownership. Vintage also owns rent-to-own operation Buddy’s Home Furnishings.

Lending 103

Lending United States America Industry 103

Jeff For Banks

FEBRUARY 12, 2024

2/25 Past actions/decisions give the best insights into a management team's acumen, capabilities, willpower, and its pursuit of excellence.effort lol. Shuttered large parts of its mortgage operations in stages, first in 7/2021 and later in early 2023 6/25 Selling branches is not easy, but it was best for shareholders.

Columbus 108

Columbus Indianapolis Capital Community Bank 108

PYMNTS

FEBRUARY 20, 2019

LendingClub reported that loan originations were up double digits in the fourth quarter of 2018 , marked by growth in personal loans and auto loans in what the company termed as dynamic and competitive markets, and amid rising interest rates. The top line of $181.5 million was slightly below the Street at about $182 million. While the $181.5

Lending 144

Lending Management Conference Company 144

PYMNTS

JANUARY 11, 2018

According to new research from Magilla Loans , which offers an anonymous search engine data for both home and business loans, a survey of mortgage and business lenders found plans to originate more than half a trillion dollars’ worth of loans in 2018. So while lending volume in the U.S. percent in 2016. percent in 2016.

Fintech 126

Fintech Lending Trends Operations 126

PYMNTS

JULY 23, 2019

The initial Vision Fund was created in 2016 after SoftBank made a deal with Saudi Arabia’s Mohammed bin Salman to have the world’s biggest buyout operation. That Saudi Arabia connection was dealt a blow when the crown prince was accused of murdering journalist Jamal Khashoggi in 2018. Creditas is aiming to change that.

Lending 134

Lending Capital America Technology 134

PYMNTS

AUGUST 21, 2018

insurance giant Travelers (which operates in commercial property and personal insurance) has taken a majority stake in Canadian FinTech Zensurance , which in turn offers a platform through which corporates can buy and manage their insurance packages. With FinTech’s Aid, Lending Down Under. The FinTech is Finserve Africa.

Fintech 101

Fintech Lending Groups Digital Strategies 101

PYMNTS

DECEMBER 27, 2019

Daniel Pinto, the co-president and chief operating officer of JPMorgan Chase , told CNBC in an interview that 2020 will likely see sturdy economic growth of about 1.5 percent market share for global advisory fees in 2018, which Pinto said the institution could improve on, although it would be difficult. percent or 1.8 Chase reached 8.7

United States 153

United States cryptocurrency Digital Banking Google 153

CFPB Monitor

MAY 14, 2019

Johnson first joined the Bureau in December 2017 as Senior Advisor to the Director and was named Principal Policy Director in April 2018 by former Acting Director Mulvaney. Mr. Johnson has served as Acting Deputy Director since he was appointed to that position by Mr. Mulvaney in July 2018. Prior to joining the Bureau, Ms.

Leadership 68

Leadership Branding Policies Lending 68

Independent Banker

JULY 31, 2022

What also sets Locality Bank apart from existing financial institutions in its market is that its board and management have a “first principles mindset, one where we set out to create the bank from the start to serve the needs of the local business community,” says Keith Costello, president, CEO and one of Locality Bank’s cofounders.

Florida 91

Florida Community Bank Community FDIC 91

PYMNTS

FEBRUARY 14, 2018

He reminded investors that the firm, which had a very rocky start in 2017, managed to end the year with its effective interest yield up by over 200 basis points and its net charge-off rate down by over 100 basis points. We believe OnDeck now has the right foundation from which to drive profitable growth and shareholder value.”.

Taxes 101

Taxes Lending Risk Management Report 101